The Decline of British Economic Power Since 1870

agreement Aldcroft American Area authorities balance of payments Bank Britain Britain's economic British economy British industry capital cent century coalmining competition concerned considerable continued controls cost countries critical currency decline deficit demand depression difficulties dollar domestic early Economic History economic policy effects empire employment Europe European example exchange expenditure exports fact factors favour final firms foreign Fund further Germany gold gold standard growth Imperial important income increased interest international economy investment issue Italy Keynes Labour latter limited London major manufacturing million Monetary noted overseas performance period political position postwar Preference present primary problem production reduction relation relatively remained reserves result Review rise role sector share social Source staple sterling structure supply Table tariff trade Treasury union